Boston Omaha (NYSE:BOC) Trading Down 0.9% – What’s Next?

Boston Omaha Corporation (NYSE:BOC)’s share price traded down 0.9% during trading on Thursday . The company traded as low as $13.38 and last traded at $13.41. 145,118 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 183,235 shares. The stock had previously closed at $13.53.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Boston Omaha in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Boston Omaha Stock Down 0.9%

The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $13.07 and its two-hundred day simple moving average is $13.39.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Boston Omaha had a negative net margin of 0.21% and a negative return on equity of 0.04%. The company had revenue of $28.21 million for the quarter, compared to analyst estimates of $28.85 million.

Institutional Trading of Boston Omaha

Institutional investors have recently modified their holdings of the company. Stevens Capital Partners acquired a new stake in Boston Omaha during the third quarter valued at approximately $5,698,000. Elgethun Capital Management lifted its position in shares of Boston Omaha by 36.1% during the 3rd quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock worth $18,632,000 after buying an additional 378,624 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Boston Omaha during the 1st quarter worth approximately $4,034,000. Arrowstreet Capital Limited Partnership acquired a new stake in Boston Omaha in the 2nd quarter valued at $2,214,000. Finally, Jane Street Group LLC grew its position in Boston Omaha by 104.7% in the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock valued at $1,282,000 after acquiring an additional 44,968 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

About Boston Omaha

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.